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FedEx extend acceptance period for offer for TNT Express

Staff writer |
FedEx, FedEx Acquisition and TNT Express announced that the acceptance period for the recommended public offer for all shares in the capital of TNT Express is extended.

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The offer is extended until two weeks following the satisfaction or waiver of the Offer Condition with respect to Competition Clearances, but no later than June 6, 2016.

The acceptance period has been extended because the offer condition with respect to competition clearances was not fulfilled upon expiration of the acceptance period at 17:40 hours CET on January 8, 2016.

The offer condition regarding competition clearances relates to obtaining competition approval from the relevant antitrust authorities in the EU, Brazil, China and the United States of America. Currently, clearances have been obtained from the relevant competition authorities in the United States and, as announced earlier today, the EU.

FedEx and TNT Express continue to work constructively with the regulatory authorities to obtain clearance of the transaction in the remaining jurisdictions, including Brazil and China.

FedEx and TNT Express are making timely progress and continue to anticipate that the Offer will close in the first half of calendar year 2016.

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